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Side-by-side financial comparison of Karman Holdings Inc. (KRMN) and ZIPRECRUITER, INC. (ZIP). Click either name above to swap in a different company.
Karman Holdings Inc. is the larger business by last-quarter revenue ($134.5M vs $111.7M, roughly 1.2× ZIPRECRUITER, INC.). Karman Holdings Inc. runs the higher net margin — 5.7% vs -0.7%, a 6.5% gap on every dollar of revenue. On growth, Karman Holdings Inc. posted the faster year-over-year revenue change (47.4% vs 0.6%). ZIPRECRUITER, INC. produced more free cash flow last quarter ($7.6M vs $4.0M). Over the past eight quarters, Karman Holdings Inc.'s revenue compounded faster (27.3% CAGR vs -4.4%).
Karman Holdings is an American fabricator of space and defense systems based in Huntington Beach, California. The company, which is valued at approximately US$4 billion, recently underwent an initial public offering.
ZipRecruiter, Inc. is an American employment marketplace for job seekers and employers.
KRMN vs ZIP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $134.5M | $111.7M |
| Net Profit | $7.7M | $-835.0K |
| Gross Margin | 39.9% | 89.1% |
| Operating Margin | 15.7% | 3.6% |
| Net Margin | 5.7% | -0.7% |
| Revenue YoY | 47.4% | 0.6% |
| Net Profit YoY | 358.3% | 92.3% |
| EPS (diluted) | $0.06 | $-0.03 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $134.5M | $111.7M | ||
| Q3 25 | $121.8M | $115.0M | ||
| Q2 25 | $115.1M | $112.2M | ||
| Q1 25 | $100.1M | $110.1M | ||
| Q4 24 | $91.2M | $111.0M | ||
| Q3 24 | $86.0M | $117.1M | ||
| Q2 24 | $85.0M | $123.7M | ||
| Q1 24 | $83.0M | $122.2M |
| Q4 25 | $7.7M | $-835.0K | ||
| Q3 25 | $7.6M | $-9.8M | ||
| Q2 25 | $6.8M | $-9.5M | ||
| Q1 25 | $-4.8M | $-12.8M | ||
| Q4 24 | $1.7M | $-10.8M | ||
| Q3 24 | $4.3M | $-2.6M | ||
| Q2 24 | $4.6M | $7.0M | ||
| Q1 24 | $2.1M | $-6.5M |
| Q4 25 | 39.9% | 89.1% | ||
| Q3 25 | 41.0% | 89.1% | ||
| Q2 25 | 40.9% | 89.3% | ||
| Q1 25 | 39.4% | 89.4% | ||
| Q4 24 | 38.1% | 89.6% | ||
| Q3 24 | 39.3% | 89.4% | ||
| Q2 24 | 40.7% | 89.5% | ||
| Q1 24 | 34.9% | 89.1% |
| Q4 25 | 15.7% | 3.6% | ||
| Q3 25 | 17.9% | -4.4% | ||
| Q2 25 | 17.5% | -5.9% | ||
| Q1 25 | 10.0% | -10.6% | ||
| Q4 24 | 15.8% | -3.6% | ||
| Q3 24 | 20.2% | -2.8% | ||
| Q2 24 | 21.5% | 7.6% | ||
| Q1 24 | 16.3% | -0.7% |
| Q4 25 | 5.7% | -0.7% | ||
| Q3 25 | 6.3% | -8.5% | ||
| Q2 25 | 5.9% | -8.5% | ||
| Q1 25 | -4.8% | -11.7% | ||
| Q4 24 | 1.8% | -9.7% | ||
| Q3 24 | 5.0% | -2.2% | ||
| Q2 24 | 5.4% | 5.7% | ||
| Q1 24 | 2.6% | -5.3% |
| Q4 25 | $0.06 | $-0.03 | ||
| Q3 25 | $0.06 | $-0.11 | ||
| Q2 25 | $0.05 | $-0.10 | ||
| Q1 25 | $-0.04 | $-0.13 | ||
| Q4 24 | $0.01 | $-0.10 | ||
| Q3 24 | $0.03 | $-0.03 | ||
| Q2 24 | $0.03 | $0.07 | ||
| Q1 24 | $0.01 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.0M | $188.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $382.7M | $-77.2M |
| Total Assets | $1.1B | $569.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.0M | $188.0M | ||
| Q3 25 | $18.7M | $211.8M | ||
| Q2 25 | $27.4M | $203.5M | ||
| Q1 25 | $113.7M | $221.1M | ||
| Q4 24 | $11.5M | $218.4M | ||
| Q3 24 | — | $225.6M | ||
| Q2 24 | — | $271.7M | ||
| Q1 24 | — | $282.5M |
| Q4 25 | $382.7M | $-77.2M | ||
| Q3 25 | $369.1M | $-76.1M | ||
| Q2 25 | $361.5M | $-65.9M | ||
| Q1 25 | $348.9M | $-11.3M | ||
| Q4 24 | $196.0M | $13.4M | ||
| Q3 24 | $194.1M | $13.6M | ||
| Q2 24 | $189.6M | $24.4M | ||
| Q1 24 | $184.8M | $12.7M |
| Q4 25 | $1.1B | $569.7M | ||
| Q3 25 | $968.1M | $573.6M | ||
| Q2 25 | $953.9M | $592.4M | ||
| Q1 25 | $875.4M | $629.4M | ||
| Q4 24 | $774.0M | $664.1M | ||
| Q3 24 | — | $652.0M | ||
| Q2 24 | — | $665.3M | ||
| Q1 24 | — | $662.4M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $8.7M | $7.7M |
| Free Cash FlowOCF − Capex | $4.0M | $7.6M |
| FCF MarginFCF / Revenue | 3.0% | 6.8% |
| Capex IntensityCapex / Revenue | 3.5% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.13× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-42.5M | $9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7M | $7.7M | ||
| Q3 25 | $131.0K | $2.6M | ||
| Q2 25 | $-17.4M | $10.5M | ||
| Q1 25 | $-13.6M | $-9.9M | ||
| Q4 24 | — | $12.5M | ||
| Q3 24 | — | $9.3M | ||
| Q2 24 | — | $21.9M | ||
| Q1 24 | $3.1M | $2.0M |
| Q4 25 | $4.0M | $7.6M | ||
| Q3 25 | $-6.8M | $2.2M | ||
| Q2 25 | $-21.0M | $10.2M | ||
| Q1 25 | $-18.6M | $-10.2M | ||
| Q4 24 | — | $12.0M | ||
| Q3 24 | — | $9.2M | ||
| Q2 24 | — | $21.7M | ||
| Q1 24 | $1.5M | $1.9M |
| Q4 25 | 3.0% | 6.8% | ||
| Q3 25 | -5.6% | 1.9% | ||
| Q2 25 | -18.2% | 9.1% | ||
| Q1 25 | -18.6% | -9.3% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 17.6% | ||
| Q1 24 | 1.8% | 1.6% |
| Q4 25 | 3.5% | 0.1% | ||
| Q3 25 | 5.7% | 0.3% | ||
| Q2 25 | 3.2% | 0.3% | ||
| Q1 25 | 5.0% | 0.3% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | 1.9% | 0.1% |
| Q4 25 | 1.13× | — | ||
| Q3 25 | 0.02× | — | ||
| Q2 25 | -2.55× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.12× | ||
| Q1 24 | 1.45× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KRMN
| Tactical Missile And Integrated Defense Systems | $50.5M | 38% |
| Hypersonic And Strategic Missile Defense | $48.4M | 36% |
| Space And Launch | $35.7M | 27% |
ZIP
| License | $84.3M | 75% |
| Services | $27.4M | 25% |
